Business

Malaysia Airlines set for shakeup after disasters

By Kelvin Chan
Published August 27, 2014 10:34am ET
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Malaysia Airlines set for shakeup after disasters
FILE - In this Aug. 8, 2014 file photo, a Malaysia Airlines Boeing 737-800 plane sits on tarmac at Kuala Lumpur International Airport in Sepang, Malaysia. Malaysia is preparing to unveil the latest overhaul of its beleaguered state-owned airline, which is reeling from twin disasters months apart that killed hundreds of passengers. Khazanah Nasional, the state investment company that owns 69 per cent of Malaysia Airlines, said in early August it will announce details of the overhaul by the end of this month. Malaysian news reports said the announcement will come Friday, Aug. 29. (AP Photo/Vincent Thian, File) | Vincent Thian

HONG KONG (AP) — Malaysia is preparing to unveil the latest overhaul of its beleaguered state-owned airline, which is reeling from twin disasters months apart that killed hundreds of passengers.

Khazanah Nasional, the state investment company that owns 69 percent of Malaysia Airlines, said in early August it will announce details of the overhaul by the end of this month. Malaysian news reports said the announcement will come Friday.

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